Abu Dhabi Fund for Arab Economic Development

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Abu Dhabi Fund for Arab Economic Development

A financial institution owned by the government of Abu Dhabi that promotes investment in the developing world. It does this through concessionary loans, grants and equity investment provided to governments and private companies. It has funded projects in more than 50 countries since its foundation in 1971. See also: Abu Dhabi Investment Authority.

Abu Dhabi, having been the beneficiary of Kuwaiti assistance, followed similar paths: Shaikh Zayed established the Abu Dhabi Fund for Arab Economic Development (ADFAED) which dedicated a segment of oil windfall to over 50 less fortunate Muslim countries in Africa and Asia.

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